NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
Heritage Sale Outlines Current Market
March 17, 2025
The Long Beach Expo Heritage Auctions sale epitomized the continued trend of price discounting for U.S. coins, throughout all denominations and grades, albeit nominal in some cases. There were still plenty of rarities that brought top dollar; a majority of the high-ticket items were U.S. Gold coins and many of the major highlights from this sale are found in the Twenty Dollar Gold category. The rare Gold coin market may be somewhat lower overall, but the interest in these issues is still quite strong. (This past week Gold finally broke the $3,000 mark but failed to hold and is now $2,997. Silver is currently $33.75.)
The Heritage sale again culminated at their home offices in Dallas, a week after the Long Beach Expo was completed. Auction lots were viewed in Long Beach, where dealers and collectors conducted business for what could be the last show of the year in this location (which was announced by show promoters a few weeks prior to this event). Below is an extensive list of highlights, some photos included, from this most recent Heritage Auctions sale.
1856 O $20 Gold certified by PCGS AU58
The 1856 O $20 Gold is a top rarity, it has the lowest mintage of all the New Orleans Double Eagles; there were 2,250 coins minted and there are less than forty known with recent studies indicating the number may be as few as twenty-five. The AU58 is the highest certified to date although there is a PCGS AU58+ coin included in the population report. There are a total of only twenty-two coins certified in all AU grades, with some assumed resubmissions, making even fewer coins available today. These AU graded coins typically bring well above $275,000 in every major coin auction. This PCGS AU58 comes with a pedigree of Louis E. Eliasberg, Sr. and it sold for $690,000 in this most recent sale. The current FMV is $750,000, which is right in step with the retail value.
1856 O $20 Gold PCGS AU58 sold for $690,000 at Heritage Auctions Long Beach Expo U.S. Coins Signature Auction in Dallas, Texas, February 27 - March 2, 2025
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